By Sam Boughedda
Investing.com -- Booking Holdings Inc (NASDAQ:BKNG) announced earnings per share of $15.83 on revenue of $2.98 billion. Analysts polled by Investing.com anticipated EPS of $13.40 on revenue of $2.86 billion.
The company's total revenues for Q4 increased 141% from the prior year's quarter.
Fourth-quarter gross travel bookings were $19 billion, representing an increase of 160% from the same quarter last year. Furthermore, room nights booked in the fourth quarter increased 100% from last year.
"Despite the negative impact on travel from the Omicron wave at the end of the fourth quarter, we delivered revenue and adjusted EBITDA results that were better than our expectations for the quarter," said Glenn Fogel, chief executive officer of Booking Holdings.
Booking Holdings shares rose 2% after-hours following the report.
Fogel added that he is "encouraged by the meaningful improvement in bookings we have seen so far in the first quarter of 2022.
"I believe we are well positioned as travel demand recovers, however, we do expect there will still be periods where COVID negatively impacts travel trends as we move through the year."